Tom McClellan: U.S. real GDP has stayed near 2 percent since late 2024

Tom McClellan: U.S. real GDP has stayed near 2 percent since late 2024
U.S. GDP stable near 2 percent

Tom McClellan highlights that U.S. real GDP has remained around 2.0 percent since late 2024, describing this level as depressed and potentially influenced by the same factors that have led to a drought in New York City.

He suggests that if New York begins to experience normal or above-average rainfall again, real GDP could improve.

McClellan has previously discussed how gold price movements may indicate higher oil prices ahead. He has also analyzed differences in Bitcoin Commitments of Traders data compared to traditional markets. These reports reflect his ongoing focus on market indicators across asset classes.

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